BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economics
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Business
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Transportation
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Consumer science
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Detailed explanation-1: -What Is Economics? Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
Detailed explanation-2: -Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.
Detailed explanation-3: -Economics is the study of the production, distribution, and consumption of goods and services.
Detailed explanation-4: -Economics (/ˌɛkəˈnɒmɪks, ˌiːkə-/) is the social science that studies the production, distribution, and consumption of goods and services.
Detailed explanation-5: -An economic system is the method used by a society to produce and distribute goods and services.